Marsh revenue climbs 8% as consulting growth offsets reinsurance decline
Double-digit management consulting growth supports earnings as softer pricing hits insurance and reinsurance renewals
Insurance News
Insurers pull back as climate change-related losses mount
Insurers are increasingly withdrawing coverage for climate risks in Europe as climate change makes more regions uninsurable, according to U.K.-based Inside Track Ltd., The Business Times reports, citi
Benefits broker pay grew 8x faster than the market, federal data shows
Ten years of DOL filings reveal a widening gap between premium growth and broker compensation - and plan sponsors now have the tools to scrutinize it
NY City Accuses Law Firm of Running Injury Claims Fraud Operation
New York City is suing a Manhattan law firm for allegedly running a multimillion dollar personal injury fraud scheme by filing as many as 15 injury claims against the city on behalf of people allegedl
Here's why 100% of businesses need cyber cover
CEO explains why it needs to be part of every conversation
States Seek Children’s Data Protections in Character.AI Bankruptcy
A group of 40 state attorneys general on Wednesday urged a US bankruptcy judge in Delaware to protect young users of Character.AI and keep their data safe during the AI companion company’s bankr
SME cyber insurance uptake stalls everywhere except the US
Penetration sits near 10% in most markets while the US runs at triple that and awareness is not why
Arch names new head of cyber in Italy
Arch Insurance EU has appointed Andrea De Simone from Sompo as head of cyber for Italy. De Simone will focus on growing Arch’s cyber portfolio across Italy, providing solutions for cyber, tech E&O
Contractor hides asbestos work, $9.7M military base fire goes uncovered
The contractor said no asbestos. The building burned down. Now nobody’s covered
SageSure One Expanding California Homeowners Coverage
SageSure One is expanding its California homeowners insurance offerings. The new product, from Olympus Insurance Co., provides up to $20 million in total insurable value. The non-admitted HO5 homeowne
Setback for TikTok as EU Court Adviser Backs Gatekeeper Label
An adviser to Europe’s highest court recommended on Oct. 15 that TikTok lose its challenge to its “gatekeeper” status under landmark EU rules, backing regulators in a closely watched
P&I rates set to rise 4% at renewal, says S&P
I rates will rise by about 4% on average at February renewals, with most of the 12 members of the International Group (IG) of Protection and Indemnity Clubs likely to push for increases, according to
Marsh targets more cost cuts; reports revenue increase
Marsh on Thursday increased its annual cost savings target under its Thrive restructuring program by 50% to $600 million, as the brokerage reported higher third-quarter revenue and profit despite a 6%
Luxury NYC Co-Op Sued Over ‘Commandeered’ Central Park Terrace
The Sherry-Netherland was sued by a unit owner who claims construction has shrouded her Central Park-facing terrace in scaffolding for the past six years. Lucia Isabel Alonso Espinosa said in a lawsui
Gilsbar promotes 17-year veteran to lead employee benefits division
Colin Shea’s internal rise at the Louisiana firm reflects what employers now demand from their benefits advisors
Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
Six Flags Entertainment Corp. has temporarily closed 10 rides at seven of its amusement parks, and the Georgia insurance commissioner’s office and local police are investigating after a man fell
Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in Ind
Worker prevails in scaffold-law ruling over ladder fall
A New York appeals court on Tuesday ruled in favor of a worker on scaffold-law liability after falling plywood struck his unsecured ladder and caused him to fall. Osmair Sebastio De Souza was removing
Insurers pressed to “manage down” climate numbers, insiders warn, as US non-renewals top two million
A memo from senior underwriters, reinsurers and brokers describes a quiet retreat from climate risk
Insurers pressed to “manage down the numbers” on climate risk, senior insiders claim
Anonymous market veterans say insurers are quietly preparing to reprice, restrict and retreat, and that uninsured property could be the next sub-prime
Follow & Subscribe
Get the latest updates on Facebook and Telegram
Follow on Facebook
Scan with your phone
Scan with your phone Join on Telegram
Scan with your phone
Scan with your phone